Asset icon - trade crypto, stocks, and gold on Pluang
Trade on Pluang
One platform for all markets
Download
Investment
Features
FeesSafety
Academy
More
Pluang+

Solana holds near $85, eyeing key $86 resistance amid steady network use and cautious institutional optimism.

Technical Signals
05 May 2026
Blockonomi
View Source
Neutral
pluang ai news

Solana (SOL) is trading around $84.94 with a 1.32% gain, facing resistance at the 50-day EMA near $86.10, a critical level for a bullish breakout. Despite price stagnation below $100 for 90 days, Solana's network remains strong with over $10 billion in on-chain payment volume in Q1 2026. Institutional sentiment shows cautious optimism as spot ETFs saw $3.28 million inflows, the first positive since late April, and futures data indicates a slight bullish tilt. The key challenge is overcoming technical resistance to confirm a trend reversal, while strong blockchain activity supports a potentially positive outlook if buying interest returns.

More News (SOL)

Bitcoin tops $66,000 as crypto ETFs see outflows but market matures, signaling a new 'crypto winter' phase.

Bitcoin tops $66,000 as crypto ETFs see outflows but market matures, signaling a new 'crypto winter' phase.

Bitcoin surged past $66,000 while Ethereum and Solana also gained, driven by easing geopolitical tensions and renewed risk appetite. Despite about $3 billion in outflows from Bitcoin ETFs, experts say this reflects market maturation rather than decli...

Market News
Bullish
4 hours ago
Selective inflows boost Hyperliquid, XRP, and Solana ETFs amid narrowing altcoin demand

Selective inflows boost Hyperliquid, XRP, and Solana ETFs amid narrowing altcoin demand

On June 15, U.S.-listed spot altcoin ETFs saw focused inflows primarily into Hyperliquid, XRP, and Solana products, indicating concentrated investor interest rather than broad market participation. Hyperliquid ETFs led with $17.19 million in net infl...

Market News
Bullish
5 hours ago
Solana price rebounds 20% from June low, testing key $75 resistance for potential further gains.

Solana price rebounds 20% from June low, testing key $75 resistance for potential further gains.

Solana's price has surged over 20% from its early June low near $60, reaching around $75, a critical former support level now acting as resistance. This rebound follows easing geopolitical tensions between the U.S. and Iran, which lowered oil prices ...

Technical Signals
Bullish
5 hours ago
Circle minted 1B USDC on Solana, raising weekly issuance to 3.5B, signaling strong demand for stablecoin liquidity.

Circle minted 1B USDC on Solana, raising weekly issuance to 3.5B, signaling strong demand for stablecoin liquidity.

Circle minted an additional 1 billion USDC stablecoins on the Solana blockchain on June 16, bringing the total USDC issuance on Solana to 3.5 billion over the past week. This large mint reflects growing demand for Solana liquidity, payments, and trad...

Protocol Fundamentals
Bullish
6 hours ago
BOJ hikes rates to 1%, highest in 31 years, risking 20-30% crypto declines if JPY strengthens.

BOJ hikes rates to 1%, highest in 31 years, risking 20-30% crypto declines if JPY strengthens.

The Bank of Japan raised interest rates to 1%, the highest level since 1995, marking a significant shift from its ultra-easy monetary policy. This move could strengthen the Japanese Yen and increase borrowing costs, potentially causing a 20-30% decli...

Market News
Bearish
6 hours ago
banner-footerbanner-footer

Invest & Trade with
#1 Award-Winning Investment Super App